Rithm Capital, the parent of multichannel mortgage lender Newrez, said it’s not currently moving forward with plans on an initial public offering for the subsidiary as it focuses on supporting the firm’s broader portfolio. Instead, the firm is turning its attention to mergers and acquisitions, even amid macroeconomic uncertainty.

“First of all, we spent a lot of time looking at how we’re going to get our stock price to be what we think it should be. Right now, when you look at the company and the growth of the company, we’re likely not going to list details ⇒

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